Rangers Advisor Says Club Needs More Directors
October 21, 2013
Paul Shackleton, advisor to Rangers, has admitted that having two board members is “not suitable” to run the club.
Shackleton has said that he is trying to find a compromise between the board and aggrieved shareholders.
He said: “I can’t go into detail, but I have been speaking with shareholders. I have been talking to everybody, trying to map out a path through this minefield.”
The club’s chief executive, Craig Maher, resigned this week, along with non-executive board member Bryan Smart. Their departures followed the earlier losses of non-executive director Ian Hart and chairman Walter Smith.
The two remaining board members are finance director Brian Stockbridge and non-executive director James Easdale.
Rangers were forced to delay their AGM after a group of shareholders who want changes to the board won a court decision. The group, led by former chairman Malcolm Murray and former director Paul Murray, want that pair to be elected to the board, as well as Alex Wilson and Scott Murdoch.
Shackleton added: “We are actively trying to sort the situation out. We are doing everything we can to get it sorted. It needs stability.”
Shackleton planned to speak to all parties involved to reach a suitable outcome.
“Once we have done that, I think we can make a decision,” he said.
“There needs to be more directors at the club. Two directors are not suitable for the long-term.
“But I’ve not been sitting on my hands. It is a very complicated situation and we are doing what we can to sort it out.
“There is a process to go through and I’m trying to come up with ideas.
“We are very keen to get it resolved as soon as possible and I think I am making progress.”